MV Capital Management Inc. Sells 500 Shares of iShares U.S. Technology ETF (NYSEARCA:IYW)

MV Capital Management Inc. lowered its stake in iShares U.S. Technology ETF (NYSEARCA:IYW) by 10.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,204 shares of the exchange traded fund’s stock after selling 500 shares during the period. MV Capital Management Inc.’s holdings in iShares U.S. Technology ETF were worth $568,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Headinvest LLC bought a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth $42,000. Tidemark LLC acquired a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at approximately $50,000. GAMMA Investing LLC acquired a new stake in shares of iShares U.S. Technology ETF in the 4th quarter valued at approximately $52,000. Park Place Capital Corp grew its holdings in shares of iShares U.S. Technology ETF by 51.4% during the 4th quarter. Park Place Capital Corp now owns 477 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 162 shares during the last quarter. Finally, Creekmur Asset Management LLC acquired a new position in iShares U.S. Technology ETF during the 4th quarter worth approximately $69,000.

iShares U.S. Technology ETF Price Performance

NYSEARCA IYW traded up $1.04 during trading hours on Tuesday, reaching $153.06. The company’s stock had a trading volume of 591,858 shares, compared to its average volume of 883,404. iShares U.S. Technology ETF has a 52 week low of $100.84 and a 52 week high of $154.41. The stock has a market cap of $18.80 billion, a P/E ratio of 38.84 and a beta of 1.43. The firm has a fifty day simple moving average of $140.77 and a 200-day simple moving average of $133.47.

iShares U.S. Technology ETF Profile

iShares U.S. Technology ETF, formerly iShares Dow Jones U.S. Technology Sector Index Fund (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index (the Index).